Digital Collectibles

Katy Perry to Release NFT Collection on Theta Network

katy perry NFT ThetaDrop Theta Network

The Venn diagram of celebrities and NFTs continues to grow as Katy Perry announces her upcoming NFT release on ThetaDrop. This drop will contain moments from her upcoming residency at The Theatre at Resorts World Las Vegas later this year.

Katy calls her NFTs ‘memorable and creative moments from my residency that’s both a digital collectible and an IRL experience’. Details about the IRL experience are yet to be revealed. Release date for the NFT collection has been set to Q4 2021. Though her Las Vegas shows, entitled “Play”, won’t start until the final days of the year.

Katy Perry’s announcement brings new exposure to the existence of NFTs to her millions of fans around the world. This release follows the growing trend we’ve seen this year of celebrities publicly engaging the blockchain space, including Paris Hilton, The Weeknd, and Tony Hawk. As NFTs become more common knowledge, we will see increased adoption and acceptance among a wider audience.

Fans can pre-register for info about the upcoming media drop at ThetaDrop.

About ThetaDrop

ThetaDrop is an NFT marketplace on the Theta Network. It bills itself as being fast, cheap, and green. Theta protocol powers this native blockchain that was built for media and entertainment.

Though new to the scene, they are already landing noteworthy deals with Katy Perry and The World Poker Tour. Theta Mainnet 3.0 released in June 2021 and focuses on incentivizing Edge Nodes to help grow the network and make it more useful to video platforms. With they already have a video streaming platform as well.

What is NFT art?

NFT is the abbreviation for non-fungible tokens, which are tokens that signify ownership over unique digital assets. These assets can for example be items in a game, crypto art, or digital collectibles. In addition it could also be a ticket for a cinema or perhaps a subscription for public transit. The usability of NFTs doesn’t end with art, it only starts there. Just like physical art, there can be unlimited copies. But ultimately there can only be one Mona Lisa.

Mostly we value art for its aesthetics and cultural relevance, but above all on the ability to verify the creator and its proven rarity. With blockchain technology these last two features are part of the blockchain. Everybody can see and confirm who minted these original creations.

The concept of seeing a digital image as art, is one thing. However, for many people it will be a challenge to consider digital images as valuable. Consider this: The Mona Lisa is worth many millions of dollars. If I would paint the Mona Lisa in an exact copy, it would be worth only 50 dollars. Because we all know where the original version is.

Being able to verify the authenticity and rarity of a piece of art is crucial. In the end everything can be art. It doesn’t matter whether it’s a still image, moving image, video, music or a combination of everything.

Phil Hall has been a gaming enthusiast since birth and a crypto enthusiast since 2017. He enjoys new discoveries and sharing those with others via blogging and photography. You can follow him on Twitter or read his other articles on Medium.